UK manufacturing PMI rose more than expected in November

November saw the UK manufacturing sector move up a gear, with rates of increase in new orders and production among the best registered over the past four years. This tested capacity and encouraged further job creation, with employment rising to the greatest extent since June 2014.

The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index rose to 58.2 in November, up from 56.6 in October (originally reported as 56.3), its highest level since August 2013. The reading is the tenth-best registered during the near 26-year series history. The latest survey was conducted between 13-27 November